International technology transfer: a complement to economic restructuring?

Economic restructuring is considered to be the panacea for problems faced by developing countries and countries in transition from the socialist to the free-market economic structure. Even though there are some success stories, most countries undergoing structural adjustment have faced lower economic standards for the majority of the population. This has resulted in the slowing down or reversal of some of these reforms. In this paper, it is argued that transfer of appropriate technology as a complement to the current reforms is needed for these reforms to be successful.